Reported about 10 hours ago
Polestar has received notice from Nasdaq for not adhering to its listing rules by failing to maintain a minimum share price of $1, as the company's stock continues to decline amid fierce competition in the electric vehicle market. The company's shares closed at 84 cents, down approximately 20% this year. Polestar has 180 days to comply with regulations or may receive a further extension, marking their second encounter with potential delisting due to previous compliance issues.
Source: YAHOO